Shares of the Adani group of companies have recovered up to 95 per cent from their respective 52-week low levels amid the ongoing recovery in the domestic equity market. An investment of Rs 15,446 crore by US boutique investment firm GQG Partners in four Adani firms namely Adani Ports and Special Economic Zone Ltd, Adani Green Energy Ltd, Adani Enterprises Ltd and Adani Transmission Ltd boosted sentiment. Amidst, increasing share price of Adani Group shares, the short seller Hindenburg Research has secretly deleted its report on Adani.
Hindenburg deleting its report on Adani has been viewed as possible acqusition of the research company by Adani group as earlier reported by The Fauxy. Read here.
Hindenburg takes long position in Adani Group companies
Sources suggest that Hindenburg has taken long position in various Adani group companies after its report on Adani group shares being overvalued and mismanagement in the company didn’t create a lasting impact on its investors.
Hindenburg has claimed that the report got deleted mistakenly and will be uploaded again soon. Details awaited.